Bitcoin, Ethereum, XRP, Dogecoin Slide After Trump Trade Deal Strengthens Dollar

Cryptocurrency markets are trading lower on Monday as the dollar strengthens off the back of the US-EU trade deal.

Notable Statistics:

• IntoTheBlock data shows Bitcoin's large transaction and daily active addresses decreased by 0.6% and 4.1%, respectively. Exchanges netflows increased by 224.4%.

• Coinglass data shows 129,457 traders were liquidated in the past 24 hours for $383.28 million.

Notable Developments:

• PayPal Rolls Out New Crypto Feature: Here’s Why You Should Care

• Interactive Brokers Reportedly Looking Into Stablecoin Issuance

• Strategy Announces No New Bitcoin Purchases—But Here’s Who Bought 755 BTC

• Ray Dalio Says 15% In Bitcoin Or Gold May Be Essential As Fiat Currencies Face Devaluation Risks

• Meme Coins Reflect Crypto Market Maturation, Says Drift Protocol’s Cindy Leow

• Ethereum-Native Treasuries Tipped To Rival Wall Street, But Face Major Risks: Bernstein

Trader Notes: Crypto trader Titan of Crypto highlighted that Bollinger Bands are squeezing, signaling a period of compressed volatility that often precedes a major price move. "Low volatility = Big move incoming," he said

CryptoCon pointed out that the Bitcoin Golden Ratio Multiplier's cycle top has now climbed to $181,000, reflecting an upward-trending peak projection for this market cycle.

Crypto Seth emphasized that Bitcoin remains firmly in a bull market, noting it has retested the lower band 11 times this cycle. This is a necessary pain point for long-term upside as there can be no reward without being willing to ride out the downside.